Trader P/L 2005

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well, i went to work out and gave some thought of what I should be doing now that I have lower commissions and new software

i lowered my share size to 100 per trade so I cut my losses to 342 for the day! made back $1.50 lol

i'll probably stay around 100 shares per trade w/ a .08 profit target for a while until i get the hang of this again
 
Decent day overall. Took a nasty smash in HAUP. Those morons decided to report earnings (or lack of) intra day on Dec 23. Who the Hell does that?

Anyway hope everyone has a Merry Christmas. Except those at HAUP, they can have a crappy Christmas.
 

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I would like to thank the members who post to this thread. I think you are the real traders. There are so many trifilers on these boards, I appreciate your honest posts.

As you say in Europe and the Americas, Merry Christmas.

Fujiwara
 
i have been curious for some time now why traders aren't talking about results in percentages. Everything I have read says something along the lines of "the good/professional traders ALWAYS speak in terms of percentages"...I think you should always speak in percentage (perhaps with the addition of $$) because it includes risk. Your $500 gain on the day is not the same as my $500 gain.



RT
 
Quote from RunTrade:

i have been curious for some time now why traders aren't talking about results in percentages. Everything I have read says something along the lines of "the good/professional traders ALWAYS speak in terms of percentages"...I think you should always speak in percentage (perhaps with the addition of $$) because it includes risk. Your $500 gain on the day is not the same as my $500 gain.



RT
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Buying power is not an issue in this business...so percentage gain doesnt make sence...and your 500 day is equal to mine or anyones 500 day.
 
I notice that some traders let you know how big their accounts are so you can do the math. My experience with % return on equity is that with goals beyond 4% per week I find myself taking risks that don't make sense. I also find that with more than 100K in my account I don't use it all. This return on equity business means very little to prop shop traders who have limitless cash. I'm referring to small time individual traders (like me) who use their own money and work alone. I'm feeling pressure this week because of the holiday I have less days to make my 4 points. Merry Christmas to all ET members from Villefranche.
 
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